Developer plans “Canvas” project in Miami’s Omni area

Rendering of Canvas
Rendering of Canvas

Developer NR Investments unveiled the details of its planned Canvas condo project in Miami’s Omni area.

The company acquired the 1.1-acre 1630 Northeast First Avenue site through an October 2013 bankruptcy auction. NR intends to build a 37-story tower with 513 condos and 14,000 square feet of commercial space, according to a written statement released on Friday. It hopes to start construction during the first quarter of 2015 and finish the project in 2017.

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Units at Canvas range in size from 620 to 1,110 square feet. Planned amenities include two pool decks, an 8,000-square-foot gym and spa, a sound room for musicians and racquetball court. Prices range from the low $200,000s to $400,000.

Fortune International Realty is the exclusive sales and marketing firm for the project.

A previous property owner proposed a 31-story tower called Max Miami before abandoning plans after the market began to decline in 2007. — Eric Kalis